Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Up 668.4% in March

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 268,788 shares, an increase of 668.4% from the February 26th total of 34,978 shares. Based on an average trading volume of 1,046,774 shares, the short-interest ratio is currently 0.3 days. Currently, 7.4% of the company’s shares are short sold. Currently, 7.4% of the company’s shares are short sold. Based on an average trading volume of 1,046,774 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Investment Advisory LLC purchased a new stake in Simplify Interest Rate Hedge ETF during the 4th quarter worth approximately $29,000. JPMorgan Chase & Co. lifted its holdings in Simplify Interest Rate Hedge ETF by 1,285.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock worth $40,000 after buying an additional 771 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Simplify Interest Rate Hedge ETF during the 4th quarter worth approximately $48,000. Bank of Montreal Can boosted its position in Simplify Interest Rate Hedge ETF by 168.7% in the 4th quarter. Bank of Montreal Can now owns 1,048 shares of the company’s stock valued at $50,000 after buying an additional 658 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Simplify Interest Rate Hedge ETF in the 2nd quarter valued at approximately $53,000.

Simplify Interest Rate Hedge ETF Stock Performance

Shares of Simplify Interest Rate Hedge ETF stock opened at $47.00 on Wednesday. The business has a 50-day moving average of $45.18 and a 200 day moving average of $46.73. Simplify Interest Rate Hedge ETF has a 12 month low of $41.45 and a 12 month high of $65.15.

Simplify Interest Rate Hedge ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, February 24th.

About Simplify Interest Rate Hedge ETF

The Simplify Interest Rate Hedge ETF (PFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS). PFIX was launched on May 10, 2021 and is managed by Simplify.